- Hindustan Cleanenergy, the clean energy arm of Hindustan Powerprojects, has commissioned a 50 MW solar power plant in Punjab
- The capacity was developed with an investment of 3.25 billion INR ($50 million)
- Another 200 MW is planned to be commissioned in the next 18 to 24 months in Punjab
- A PPA was signed with Punjab State Power Corporation Limited (PSPCL), which will buy the power generated from this plant
Hindustan Cleanenergy Limited has announced commissioning of a 50 MW solar power plant in Punjab. Another 200 MW is planned to be commissioned in the next 18 to 24 months. The company now owns a cumulative solar power capacity of over 80 MW in Punjab. In September 2016, it inaugurated a 31.5 MW PV system.
Hindustan Clean Energy is the clean energy arm of Hindustan Powerprojects Private Ltd. (HPPPL), an independent power producer with interests in renewables, hydro, mining and EPC businesses. It has power generation assets across India, as well as in the US, UK, Japan, Germany and Italy. HPPPL was formerly known as Moser Baer Project Pvt. Ltd.
Built with crystalline silicon technology, the 50 MW project has been built with an investment of 3.25 billion INR ($50 million).
Chairman of Hindustan Power Ratul Puri said that the investment decision was made based on analysis of high-resolution solar resource data at various locations that helped to identify, and secure investments in the most promising sites for solar photovoltaic power plants in Punjab. “Hence, we were able to invest 5.25 billion INR ($80.8 million) and quickly ramp up the cumulative capacity of the company in Punjab to 80.0 MW over last 9 months,” he said, adding. “Our plan is to commission incrementally 200 MW in Punjab in the next 18 to 24 months.”
The company had won the capacity in a competitive bid carried out by the Punjab Energy Development Agency. Power generated through the PV system will be sold to Punjab State Power Corporation Limited (PSPCL).
Hindustan Power has installed 600 MW of solar power capacity. Local Indian business paper Mint reported that infrastructure asset manager Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks with HPPPL to acquire 320 MW of its solar assets.